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I think the Cardiff venue is a bit of a different beast. More of a nightclub venue, so you get the usual issues, people giving crappy reviews as they are refused entry, stuff like that.
May need a refurb though, I saw this yesterday so maybe they are working through the original venues
https://www.linkedin.com/feed/update/urn:li:activity:7136414002917576704?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7136414002917576704%29
Nice post Cheezer
It's generally accepted that is you have a bad experience you are more likely to review and or tell lots of people
There will always be times when people have a bade experience - so if reviews are mostly positive - that is a good sign
And hopefuly, if management are all over the reviews as you say, they will address the issues in Cardiff
We can all go visit the venues and see for ourselves how they're doing, personally I visited 3 so far, and have generally been impressed. I've also traulled through numerous reviews online for all the venues. These are my takeaways.
The positives
- People that visit most venues have fun, like the vibe and the games.
- Many say they will return.
- The staff at the majority of the venues get good reviews and make the games more fun for customers.
- Management are all over the reviews responding to positive and negative points and asking for further feedback on the negative ones.
- Staff seem happy to let gamers have a bit of extra time when the venues are less busy for no extra cost.
- Most venues had 4.5 to 5 star rating.
The negatives
- BBB Cardiff seems to be having issues, it sounds like it's poorly managed, poor staff, not clean (trashy was mentioned more than once), slow service, also staff have reviewed it negatively here. Does sound like it's very busy though which probably doesn't help the above.
- Some games are broken, seems to be crazy golf having the majority of issues here at various venues, I had similar experience in Exeter BBB.
- Rude or uninterested Staff, again seems isolated but quite a common cause for complaints.
- Bookings either not getting enough time or slow to setup games.
Why post this, Personally I feel like customer experience here will be the make or break of this company, if we are excellent in this area then this should be reflected in the amount of customers visiting and the SP/Financial results. Cheers
Agree with you - I was also taught that charts etc were nonsense.
But a lot of traders believe there is a lot to learn from them
I'm not having a go, up to him what he does with his money.
Just saying you never heard Munger say he sold out because it was stuck in a range, I don't think the story has changed
I'm still hopeful. As the saying goes, I don't want to sell down here, still hopeful they are turning a profit
His portfolio was doing brilliantly - and then went into decline during the bear market
He genuinely bought a lot of Escape Hunt at an avg of sub 10p. The SP went north of 30p before starting to fall.
Not sure what he sold at, but he saw it drop a long way from 30p
He'd ignored the downtrend because he was such a fan of the company
He then chose to change his strategy - sold most of his positions in small companies to hold cash and a fund.
5 out of 6 ain't bad. Why do you think he sold out of XPF?
Justin no Charlie Munger
To be fair, I think branding him a trader is a little harsh - he's as close to an investor as anyone else I see share content
He has bags of enthusiasm and doe a lot of homework and is relentless in his pursuit of companies he things fit his criteria.
His Tick List is:
1. Growing business
2. Small to Medium companies whose potential mCAP can double or greater
3. Cash Generative
4. Share price is not in a downtrend
5. Plenty of liquidity
6. Decent executive / management team
Those are all pretty good indicators - not something most traders look for
I think it's safe to say he's no Charlie Munger
Much more of a trader than an investor
Seemingly so - and he had a LOT at one point!
However, worth noting the next part of the conversation in which he talked about buying back in soon and what a great opportunity it is down here
Just watched Justin's podcast with Paul hill and he sold out a while ago
Certainly feels like someone wants to keep it in a down trend
Don’t forget that this is the AIM market. It can be very corrupt with false news and corrupt market makers manufacturing share pricing.
It can be very painful holding AIM shares!!
I thought we were going to finish up for a minute then, should have known better
Certainly feels like someone wants to keep it in a down trend
Maybe, maybe an II needs cash, most would have got involved on the 30p placing so must be well down.
The key thing is, can BBB make profit on a location level. Not ebita tax adjusted bs.
Can it make money. That seems to be the piece of information they won't give.
Why is this stock struggling so much?
To me this looks like a great buy at this level but why is it continuing to drop when they are expanding successfully, with constant large corporate bookings in a high-growth industry, are there any risks i'm not aware of here? Seems to have minimal debt, on track to turn profitable, is the market really waiting for confirmation?
I'm nibbling here, there are some real bargains on AIM where solid growth companies are getting seemingly punished for no reason, at first glace this seems to be another case of that.
I actually contacted the company this week, not heard anything back.
I know they are focussing on operations, but they need to give shareholders something to try and stop the rot. Cirector buys, good news on one of the venues etc.
We don't even know if the O2 turns a profit and it's been open for yonks
To quantify my comment on Paul's holding. He has gone in very heavily on another stock that he super likes so would have had to slice all his others.
and xpf isn't inspiring confidence so would probably have been a good one to sell down
Paul has gone very quiet on XPF, I would think he still holds a few but not many. Justin Waite has probably sold out all together, keeps going on about it being in a range where as before it was the best idea since happy hour.
I will be amazed if everything is hunky dory at XPF, something stinks.
Seems to happen every time with these popular hope, hype potential stocks...
Last time I listened to Paul Scott regarding Xpf he said he had bought more and felt that the buying of shares from the COO which if I remember correctly was around £30k worth was a potentially a good sign that things where progressing well.
Does anybody know if Paul Scott from Stockopedia is still holding the shares thanks.
If’s and could’s and should’s. Heard it all before. Hope I’m wrong and you’re right. If, and I repeat IF all your saying was correct then this SP would be much, much higher now.
Not holding my breath …….
I personally think your being a bit hasty . They rolled out 27 sites last year and this H2 will be the first time they will be able to have scale and no lockdowns ect. They are a brand new company if you strip out escape hunt. Boom is like 2 years old , they were close to making a maiden profit in H1 and have slowed the pace of rollout and have been quietly buying back franchise sites. They are also in the O2 , and on Oxford street . I think if their H2 doesn't show a full profit after irfs16 when they report, then perhaps it might be time to start to worry, but honestly I think they will be fine , Richard Harpham said when he reported interims that they were on target to report in line with market expectations and that h2 corporate bookings were through the roof. Of course do your own research and don't take my word for it though.
Could do, if’s and but’s…….. heard all this before. If (I repeat) IF this was the case then this SP would be a lot higher now.
Don’t hold your breath peeps!
Agree with all your points here, xpf will be a brand leader having so many sites, research suggests that people are willing to spend more on social experiences than consumables and apparently this trend is increasing, I think this is may still be the case in a economic downturn. Boom are all over social media making the venues look fun and announcing offers, this will appeal to the target audience. I also think these venues attract a wider audience than traditional pubs and are less gender bias giving wider appeal aswell.
I read an article about dwell time and this sector, and these types of venues can significantly increase this particularly if they offer food/bar and music, boom also have TV for sports. It just means a customer staying longer spending more time and money with friends.
What a great buying opportunity imo. If you’ve done your research then the odds are well in your favour. Experiential leisure is changing our high streets and how ppl socialise. Xpf is best positioned to benefit from this booming sector. They’re in the rapidly growing sector and in the best locations, such as, Oxford street, O2, Dubai, lakeside etc and I think we’re in the best quarter the leisure industry has seen since before COVID. I believe they’ll be a cracking trading update come January. You literally just have to go to your local high street and see how popular experiential leisure is.
Another article stating exactly this. And boom battle bar has been referenced;
https://www.restaurantonline.co.uk/Article/2023/11/23/competitive-socialising-growing-at-unparalleled-levels